Gujarat Cotex Limited Shareholders Approve Re-appointment of Chetankumar Parekh as Managing Director

Gujarat Cotex Limited held its Annual General Meeting (AGM) on September 30, 2025, where shareholders approved several key resolutions, including the re-appointment of Mr. Chetankumar Shaileshkumar Parekh as Managing Director for a five-year term.

Key Highlights

Re-appointment of Managing Director: Shareholders approved the re-appointment of Mr. Chetankumar Shaileshkumar Parekh as Managing Director for a five-year term, effective from December 3, 2025.
Family Ties in Management: Mr. Chetankumar Parekh is the son of Shaileshkumar Jayantkumar Parekh, who is also a Managing Director of the company.
Other Resolutions: The AGM also saw the approval of the company's audited financial statements for the year ended March 31, 2025, and the re-appointment of Ms. Priyavanda Sudhir Parekh as a director.

Details of the Annual General Meeting

The AGM was held at Hotel Soubhagya Inn, Silvassa, and commenced at 9:30 AM, concluding at 11:30 PM. The meeting addressed three main agenda items:

Adoption of audited financial statements for the year ended March 31, 2025.
Re-appointment of Ms. Priyavanda Sudhir Parekh as a director.
Re-appointment of Mr. Chetankumar Shaileshkumar Parekh as Managing Director.

Managing Director's Re-appointment

Mr. Chetankumar Shaileshkumar Parekh's re-appointment as Managing Director was approved for a five-year term starting December 3, 2025. The resolution allows for his remuneration to be set within the limits outlined in Schedule V of the Companies Act, 2013.

Voting Process

The company provided both e-voting and ballot paper facilities for shareholders to cast their votes on the proposed resolutions. Mr. Kunjal Dalal, a Practicing Company Secretary, was appointed as the scrutinizer for overseeing the voting process.

Corporate Governance

In line with regulatory requirements, Gujarat Cotex Limited also announced the closure of the trading window for designated persons and their immediate relatives. The trading window will remain closed from October 1, 2025, until 48 hours after the declaration of financial results for the period ended September 30, 2025.

Gujarat Cotex Limited, with its registered office in Dadra & Nagar Haveli, continues to maintain transparency in its corporate actions and compliance with regulatory norms.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.85%	-1.92%	-3.77%	-19.35%	-56.70%	+281.78%

Gujarat Cotex has reported a significant turnaround in its financial performance for the first quarter. The company's unaudited financial results, approved by the Board of Directors on August 14, show a profit of Rs 40.59 lakh for the quarter ended June 30, marking a substantial improvement from the loss of Rs 23.81 lakh in the previous quarter ended March 31.

Financial Highlights

Revenue: The company's revenue from operations for Q1 stood at Rs 447.17 lakh, compared to Rs 800.50 lakh in the previous quarter, indicating a decline in top-line performance.
Profitability: Despite the revenue decrease, Gujarat Cotex managed to turn a profit, showcasing effective cost management and operational efficiency.
Earnings Per Share (EPS): The basic earnings per share improved to Rs 0.28, up from negative Rs 0.06 in the prior quarter.
Equity Capital: The paid-up equity share capital remained stable at Rs 712.20 lakh.

Quarterly Performance Comparison

Particulars (in Lakhs)	Q1 (30.06)	Q4 (31.03)	Change
Revenue from Operations	447.17	800.50	-44.14%
Total Expenditure	449.23	816.50	-44.98%
Profit Before Tax	40.59	-16.00	N/A
Net Profit	40.59	-23.81	N/A

Key Observations

Cost Control: The company's total expenditure decreased from Rs 816.50 lakh in Q4 to Rs 449.23 lakh in Q1, aligning with the revenue decline but at a higher rate, contributing to the profit.
Operational Efficiency: Despite lower revenue, Gujarat Cotex managed to achieve profitability, suggesting improvements in operational efficiency and cost management.
No Segmental Reporting: The company reported no other segments, indicating a focused business model.

Management Commentary

Shaileshkumar Jayantkumar Parekh, Managing Director of Gujarat Cotex, signed off on the financial results. The management's ability to turn the company profitable despite reduced revenue demonstrates their commitment to operational excellence and financial prudence.

Auditor's Review

Pawan Siddharth & Co., Chartered Accountants, conducted a limited review of the financial results. Their report, dated August 14, found no material misstatements and raised no concerns regarding the financial statements.

Gujarat Cotex's impressive turnaround in Q1 showcases the company's resilience and adaptability in challenging market conditions. Investors and stakeholders will likely keep a close eye on the company's performance in the coming quarters to see if this positive trend continues.